Determine which trade shows to participate in

Assignment Help Operation Management
Reference no: EM131402233

Instructions

You will read the scenario below and answer the prompts provided.

ETPI's marketing department intends to participate in several trade shows this year. While the marketing department has relied on some rules of thumb regarding choosing which shows in which to participate in the past, more rigorous analysis will be used this year. As the consultant, you will develop a multifactor analysis to determine which trade shows to participate in.

Location Planning

The marketing department has asked for a spreadsheet model to use in selecting locations for trade show participation. Create a Pugh matrix/multifactor decision matrix spreadsheet for this request. 

For additional information on the decision matrix, see

https://asq.org/learn-about-quality/decision-making-tools/overview/decision-matrix.html. (Links to an external site.)

Develop at least 10 criteria for seven possible alternative locations. Also develop a set of weights that can be modified by the marketing department. Make sure that the spreadsheet model is well-formatted and calculates total scores for each alternative.

SUPPORTING LINK -

https://asq.org/learn-about-quality/decision-making-tools/overview/decision-matrix.html. (Links to an external site.)

Requirements

PLEASE DISCUSS OPTIONS, alternatives & set of weights that can bemodified 300 words.
o Critical thinking
o Original thinking
- Properly identify any sources and integrate into own thoughts and ideas
- Provide a straightforward, easy-to-follow arrangement with appropriate formatting:
o Comply with APA format
- Create an Excel document

Verified Expert

The marketing department of ETPI needs to analyse and select a best alternative location to make its planning for its trade show among 7 alternatives. It have 10 different criteria to focus. In consideration to these 7 alternative locations and 10 different criteria, with a matter of complexity the marketing department prefered the Pugh matrix decision making model to solve the complexity of the situation. After a rigorous study and analysis, the department finally got an alternative location Chennai with 164 points which topped among the 6 others and selected as the first pririty for the trade show participation. Among the other 6 alternatives Jaipur and Kolkata ranked second and third with a very minor difference of one score. So if the marketing department wish to participate in more than one trade show it may consider the second and third ranked locations.

Reference no: EM131402233

Questions Cloud

How is a shift in supply reflected in a supply equation : How is a movement along a demand (supply) curve reflected in a demand (supply) equation?
Adopt disinvestment strategies : Under what conditions can an organization decide to adopt disinvestment strategies? What approaches can be adopted?
Explain the five phases of the project : Explain the five phases of the project. Provide a detailed description of each phase.Describe the key deliverables associated with each of the project options.Analyze each of the projects to determine which might be best to implement. Use such appr..
What is the range of estimates of the new quantity demanded : In carrying out their estimates, they came up with different elasticity estimates for rises in price than for falls in price, with an increase in price having a larger elasticity than a decrease in price. What hypothesis might you propose for thei..
Determine which trade shows to participate in : Properly identify any sources and integrate into own thoughts and ideas and provide a straightforward, easy-to-follow arrangement.
Principal balance on the loan : Assume the following information for a car note: Original loan amount = $27,500 Annual interest rate = 7.8% Term of loan = 36 months How much principal and interest was paid in the first year, and what is the principal balance on the loan after year ..
What is jack annualized holding period return : Jack purchased 100 shares of Green Forest Inc. stock of at a price of $157.65 three months ago. He sold all stocks today for $158.57. During this period the stock paid dividends of $5.67 per share. What is Jack's annualized holding period return (..
Identify the major categories of psychological assessment : Identify the major categories of psychological assessment. Briefly define the concepts of reliability and validity as they apply to psychological assessment. Role of testing and assessment in the diagnostic process.
Calculate the cross-price elasticity of demand : Income rises from $30,000 to $40,000; demand increases (at a constant price) from 16 to 19.

Reviews

len1402233

2/21/2017 4:07:30 AM

For this assignment, you will read the scenario below and answer the prompts provided. you will develop a multifactor analysis to determine which trade shows to participate in.Properly identify any sources and integrate into own thoughts and ideas

Write a Review

Operation Management Questions & Answers

  Estimate the optimal values of decision variables

Solve the problem using graphical linear programming and answer the questions that follow. What are the optimal values of the decision variables and Z?

  Sketch feasible region-optimal solution and objective value

Oakton Manufacturing makes two types of rocking chairs specifically designed for men and women known as His and Hers models. Each chair requires four legs and two rockers but differing number of wooden dowels. Formulate an LP model for this problem. ..

  What career advice would you give to these recent college

Based on the scenario above, do you think these findings in the United Kingdom are also applicable in the United States? If so, what career advice would you give to these recent college graduates if you were mentoring them? Explain three key piece..

  Analyze business ethics and sustainability

Analyze business ethics and sustainability at Gazprom, and answer the following: Assess the ethics involved with an energy company’s strategy and actions. Debate whether or not a for-profit company competing with rivals can effectively balance ethica..

  How many weeks in advance of the film release

How many weeks in advance of the film release should Four Squares have started its marketing campaign? What is the critical path? The tasks (in time units of weeks) are as follows

  Describe what companies must do to achieve this rating

Discuss ISO 14,000 and ISO 14,001 and briefly describe what companies must do to achieve this rating.

  E-project on evaluating employment and recruitment websites

E-PROJECT On Evaluating Employment and Recruitment Websites. Founded in 1995, Careerbuilder.com holds resumes for more than 30 million job seekers and posts ads from over 300,000 employers about 1 million+ job openings. A chief rival is Monster.com..

  Differences among the theories of goal setting

Compare and contrast the significant similarities and differences among the theories of goal setting, self-efficacy, and reinforcement. Specify the theory that you believe most closely aligns with your current or future approach to motivating empl..

  Determine the optimal order quantity

A mail-order house uses 15,010 boxes a year. Carrying costs are 60 cents per box a year, and ordering costs are $96. The following price schedule applies. Number of Boxes Price per Box 1,000 to 1,999 $1.25 2,000 to 4,999 1.20 5,000 to 9,999 1.15 10,0..

  Short definition for porter five force analysis

Can someone please give me a short definition for porter five force analysis, and then explain how this tool can be used by an organization.

  Assuming that each subgroup is a different factor level.

Based on the following data, and assuming that each subgroup is a different factor level. Calculate a One-Way ANOVA analysis.

  Decision making-problem solving in your professional life

How do you use critical thinking in decision making and problem solving in your professional life? What are the three most important elements of personal and professional etiquette that you employ in your professional life? What are your strengths in..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd